Early January is a common time for individuals and households to prepare for the year ahead by tackling financial housekeeping tasks. Performing a quick check-in on your financial life to make sure your money and life goals are in alignment helps set your money mindset and keep your finances in order. Here are nine important …
Financial Housekeeping: 9 Items To Clean Up At The Start Of The Year Read More »
Giving the right gift for the holidays can be a challenge, especially when it comes to kids. You want to give them what they want – a toy, video game, and of course the tried-and-true gift, money — but where’s the fun in just giving them cash? Well, if it’s money they want, a CD …
Gifting a Certificate of Deposit: A Thoughtful and Lasting Holiday Present Read More »
The best gifts are often the unexpected ones — the “it came out of nowhere and I can’t believe it” surprises that can make our day better and, sometimes, even make our bank account better. Each year, thousands of people receive these unexpected gifts when they learn they have unclaimed property. Unclaimed or “abandoned” property …
The Gift of Unclaimed Property: Is There a CD With Your Name On It? Read More »
With CDs available at rates over 4.5%, it’s a great time to use certificates of deposit (CD) in your charitable giving strategy. There are a few ways to give a CD to the nonprofit organization of your choice and all it takes is a few more steps than if you were to open a CD …
How To Leverage CDs to Grow Your Charitable Donations Read More »
As interest rates fluctuate, savers are often left wondering when the right time is to lock in a rate with a Certificate of Deposit (CD). With the Federal Reserve signaling potential rate cuts, waiting to open a CD could mean missing out on the higher CD rates available today. Here’s why acting now might be …
The Advantages of Opening a CD Today: Don’t Miss Out on Higher Rates Read More »
As the Federal Reserve strongly hints at impending interest rates this September, millions of consumers with maturing Certificates of Deposit (CDs) are facing decisions that will impact their financial returns. With CDs, savings accounts, money markets, and other liquid savings positioned to see lower returns, now is the time for savers to evaluate their cash …
Beat the Rate Cut: How a CD Can Maximize Your Savings in a Changing Economic Landscape Read More »
As a millennial navigating the complexities of personal finance, Duncan Taylor always sought ways to balance risk and reward. Growing up in a world marked by economic uncertainty, he learned to be cautious with his money. Enter the Certificate of Deposit (CD)—a seemingly old-school investment tool that’s been finding new relevance among younger generations. In …
Why Millennials are Rediscovering CDs: A Smart Move for Financial Planning Read More »
When do we not think about taxes? We certainly think about taxes when we consider how we invest our money. And taxes are also top-of-mind at the end of the calendar year. Certificates of Deposit (CDs) have gained popularity this year, given their low risk and high return relative to other options. But as you …
Taxes and Certificates of Deposit: What You Need to Know Read More »
Changes have come to effect to Federal Deposit Insurance Corporation (FDIC) coverage. The FDIC adopted a new rule on April 1, 2024, to simplify insurance coverage for beneficiaries, more specifically for formal or informal trust accounts. What does the new trust account rule do? The change combines revocable and irrevocable trusts into one ownership category. …
FDIC Insurance Trust Accounts Update: What You Should Know Read More »
Certificates of deposit are a safe way to invest your money while earning more with interest rates that are generally higher than your traditional savings account. CDs typically have a fixed-term length and fixed-term rate, with a minimum deposit required to open the account. But there is a catch. When you open a CD, you …
What Is a CD Early Withdrawal Penalty and How Do I Avoid It? Read More »
